Offset Peg (O-Peg) Order Type

Offset Peg (O-Peg) is a non-displayed order type that is pegged to the NBB (NBO) for buys (sells) plus a positive or negative offset amount.

O-Peg is designed to bring the benefits of the Speed Bump to trading inside the spread (non-midpoint), helping traders manage adverse selection risk, particularly in stocks with wider spreads.